Quintet Private Bank Europe S.A. Acquires 398 Shares of S&P Global Inc. (NYSE:SPGI)

Quintet Private Bank Europe S.A. increased its holdings in S&P Global Inc. (NYSE:SPGI) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,828 shares of the business services provider’s stock after acquiring an additional 398 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in S&P Global were worth $1,461,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in S&P Global in the 3rd quarter worth approximately $27,000. Sachetta LLC boosted its stake in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after acquiring an additional 30 shares during the last quarter. HWG Holdings LP bought a new stake in shares of S&P Global during the 2nd quarter valued at $27,000. Voisard Asset Management Group Inc. increased its stake in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new position in S&P Global in the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.4 %

Shares of SPGI traded up $1.83 during mid-day trading on Monday, reaching $485.14. 125,337 shares of the company’s stock traded hands, compared to its average volume of 1,194,992. S&P Global Inc. has a 12 month low of $381.33 and a 12 month high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 1.03. The stock has a market cap of $150.54 billion, a P/E ratio of 42.66, a P/E/G ratio of 2.47 and a beta of 1.18. The stock’s 50-day moving average is $512.45 and its two-hundred day moving average is $473.62.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $3.21 earnings per share. Research analysts forecast that S&P Global Inc. will post 15.16 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 32.13%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SPGI shares. Barclays lifted their price objective on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. UBS Group raised their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America upped their target price on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. BMO Capital Markets decreased their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

Insider Activity at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.